BTCUSD to test 5950? Another Tale of Two Fibs

2018년 8월 8일

There seems to have been two impulse waves down from the 8500 area.
Each impulse caused ripples that are well defined by the Fib Extension Ratios.
5,950 (about) is where important extensions of both fibs align.

Not calling that the bottom, but watching it for a good bounce.

2018년 8월 8일

노트

Caught a bit of a bounce at the Red 4.236 extension.
Confirms validity of that Fib and its extensions going forward.

2018년 8월 10일

노트

Both fibs clearly in effect still.

2018년 8월 14일

노트

Here we are, will it hold?

2018년 8월 14일

노트

Got a wee bit of a bounce at the fibs

Close up not an impressive bounce but an attempt anyway.

2018년 8월 15일

노트

Trade closed (at least 75% of position anyway) holding 25% to see if it breaks the 6651 fib confluence (will be difficult)

2018년 8월 16일

노트

Both Fibs still holding price captive. New fib in orange looks to be perfectly in sync.
Closeup of the new micro Fib (orange) and how the -.618 extension lines up perfectly with original fibs

2018년 8월 17일

노트

Support/Resistance builds like tree rings.

2018년 8월 22일

노트

Nice break out. The green fib new, added from bottom at 5950 I closed 80% of my position at the green 3.618 extension